INIT is one of the world´s technology and market leaders in the area of telematics* and electronic fare collection systems for public transport.
INIT GmbH was founded in 1983 by Dr.-Ing. Gottfried Greschner as a typical university spin-off. In addition to its headquarters in Karlsruhe, Germany, INIT is represented in the US (Chesapeake, Virginia), in Canada (Vancouver and Montréal), Australia, Dubai and in the UK. The holding company init innovation in traffic systems AG has been listed on Germany’s Neuer Markt since 2001. In the course of the reorganization of the stock exchange, init has switched to the Prime Standard of the Regulated Market as of 01.01.2003.
*Telematics and Intelligent Transportation Systems are used synonymously.